Pandox AB, a leading owner of hotel properties in northern Europe, has received the necessary court approval to enter into an agreement to acquire Silken Berlaymont in Brussels, Belgium.
The purchase price amounts to MEUR 32.7, corresponding to approximately MSEK 315, and is financed by existing credit facilities.
The transaction and transfer of possession are expected to be completed at the end of May 2017 and the hotel will then be reported under the business segment Operator Activities.
The hotel, with a strong location adjacent to the EU Commission, is full-service, with 212 rooms and a competitive meeting product.
The transaction will take the form of an acquisition of a selection of assets and liabilities, including the building and the hotel business, and takes place within the judicial reorganisations of the companies owning the hotel.
Eubelius acted as legal counsel to Pandox AB. The Eubelius team for this transaction was led by Marieke Wyckaert (picture) and Marie Waucquez.
Law Firms: Eubelius;